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How has the emulsion paint market grown in recent years?

The emulsion paint market has experienced strong growth. It will rise from $11.57 billion in 2024 to $12.27 billion in 2025, with a CAGR of 6.0%. This growth is due to stricter laws regulating VOC emissions, economic conditions, trends in architecture, rising demand for eco-friendly coatings, demographic shifts, and infrastructure development.

How is the emulsion paint market size expected to evolve during the forecast period?

The emulsion paint market is expected to grow significantly, reaching $15.26 billion by 2029 with a CAGR of 5.6%. This growth is fueled by rising disposable income, consumer awareness, a shift towards water-based paints, commercial space development, and improving lifestyle trends. Trends include digitalization and e-commerce, partnerships, advanced application techniques, product innovation, and technological advancements.

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Which key drivers are propelling the emulsion paint market’s growth?

The growth in the real estate sector is expected to propel the growth of the emulsion paint market in the future. The real estate industry encompasses activities related to property development, buying, selling, and leasing. Factors such as urbanization, population growth, economic development, and infrastructure investments are driving this industry’s expansion. Emulsion paint is commonly used in real estate projects due to its ease of application, fast drying time, and variety of color options. For example, in February 2024, Eurostat reported that building production in the European Union and the euro area had risen slightly by 0.1% and 0.2%, respectively, compared to 2022. This growth in real estate activity is contributing to the emulsion paint market’s expansion.

What are the market segments in the emulsion paint industry?

The emulsion paint market covered in this report is segmented –

1) By Type: Interior Emulsion Paint, Water-Soluble Paint, Antifouling Emulsion Paint, Antimicrobial Emulsion Paint, Other Types

2) By Technology: Waterborne, Solvent borne

3) By Distribution Channel: Offline, Online

4) By Application: Household, Commercial Space, Administrative Space, Entertainment Space

Subsegments:

1) By Interior Emulsion Paint: Matte Finish Interior Paint, Satin Or Gloss Finish Interior Paint, Eggshell Finish Interior Paint

2) By Water-Soluble Paint: Acrylic Water-Soluble Paint, Latex-Based Water-Soluble Paint, Other Water-Soluble Paints

3) By Antifouling Emulsion Paint: Marine Antifouling Paints, Anti-Microbial Antifouling Paints, Eco-Friendly Antifouling Paints

4) By Antimicrobial Emulsion Paint: Paints With Silver Ions, Paints With Copper-Based Compounds, Other Antimicrobial Paints

5) By Other Types: Heat-Resistant Emulsion Paints, Fire-Retardant Emulsion Paints, Eco-Friendly Or Low VOC Emulsion Paints

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Which leading companies are shaping the growth of the emulsion paint market?

Major companies operating in the emulsion paint market are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Sika AG, Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems Ltd., Asian Paints Limited, Valspar Corporation, Kansai Paint Co. Ltd., Jotun Group, DAW SE, Tikkurila Oyj, Behr Process Corporation, Berger Paints India Limited, DuluxGroup Limited, Benjamin Moore & Co., Dunn-Edwards Corporation, TOA Group, The Diamond Vogel Paint Company, Pacific Paint Philippines Inc., Kelly-Moore Paint Company Inc., Crown Paints Limited, MRF Limited, Hempel A/S, Paint Library Ltd.

What key trends are currently impacting the emulsion paint market’s development?

In the emulsion paint market, companies are developing products like acrylic polyol emulsions to enhance performance and meet evolving consumer demands. For example, in August 2022, Arkema S.A., a French specialty materials company, launched SYNAQUA 9511, a waterborne binder designed to reduce volatile organic compounds (VOC) emissions in industrial paints. This innovative binder provides a sustainable alternative for formulating paints used on various substrates such as metal, wood, and concrete.

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Which geographic areas are influencing the growth of the emulsion paint market?

Asia-Pacific was the largest region in the emulsion paint market in 2023. The regions covered in the emulsion paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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